Coil Tubing Technology, Inc. (OTC: CTBG)
Coil Tubing Technology, Inc. has specialized in the design of proprietary tools for the Oilfield Industry since the 1990’s.
Part of the strength of Coil Tubing Technology is the large portfolio of 15 Oilfield Tool Patents issued or pending.
One of its Patented Tools is the Subterranean Rotating device, known in the Industry as the Rotating Tool. This device has been approved for use by British Petroleum. It is expected that this tool will gain acceptance among other major oil companies as a result of a renewed emphasis placed on well workover to increase energy production while minimizing cost.
http://www.marketwire.com/mw/release_html_b1?release_id=106720
CTBG is a well established Oilfield Services firm, with a growing customer base.
The Company has a business strategy to gain loyal customers through its tool rental business. CTBG has become a one stop rental tool company, as well, which gives the Company a competitive advantage. It is able to supply a full line of standard as well as proprietary tools.
Further, the Company has been attending the huge Offshore Technology Conference for the last three years, as it gains exposure to potential new customers worldwide.
This year, CTBG shared a display booth with Hammelmann Corp. This association with the large German firm, whose products are part of the CTBG Solution Offering, has allowed Coil Tubing to utilize Hammelmann’s large distribution network that is already in place.
CTBG is a solid firm in a booming Industry.
CTBG is definitely on our radar!
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